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18460 Sunrise Maple Drive Montgomery, TX 77316

4 Beds 2 Baths 1,896 sqft Built 2013

$260,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $137.13
  • 4 Days on Market
  • MLS # : 37912616
  • Updated Date : 02/04/2021 at 22:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,896 sqft
  • Baths : 2 full
Listing Agent

Keystone Realty

Listing Agent's Description

Really great one story four bedrooms, two bathroom house. Huge backyard deck, beautiful flooring and paint. This one won't last long

SEE MORE

MARKET HIGHLIGHTS

  • Houston metro employment growth is at 1.8% and predicted to grow to 2.7% in 2019-20 (USMayors.org, 2018)
  • Houston metro contributes to 29.5% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Houston metro's economy is worth $544.6 billion in Gross Metro Product and projected to grow to $580 billion in 2019 (USMayors.org, 2018)
  • Houston metro has 63.4% labor force participation rate higher than the national rate 62.8%. The participation rate is expected to grow to 63.6% in 2020 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 77316

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $113k343k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 77316

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10722278

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Stewart Creek Elementary School Primary Regular 777 46 7
Oak Hills Junior High School Middle Unknown NA
Lake Creek High School High Unknown NA

Stewart Creek Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 46
7
GreatSchools Rating

Oak Hills Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lake Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$903
Property Tax -$433
Property Insurance -$137
HOA -$17
Property Management Fees -$99
CASH FLOW
$72

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$260,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.87%
Appreciation Year (1-5) 3.5%
Maintenance Year (1-5) 8.00%
Vacancy 9.28%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$9,410

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,660

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,640

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,5953$1,6004$1,6255$1,660
$1,660
RENT COMPS ANALYSIS
  • 18460 Sunrise Maple Drive Montgomery, TX 5
    • 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.88
    •  
  • 18490 Sunrise Pines Drive Montgomery, TX 1
    • 3 beds 3 baths ∙ 1,959 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,959 Sqft ∙ Built 2007
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.79
    •  
  • 10723 Highpoint Lane Montgomery, TX 2
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2001
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 18550 Sunrise Pines Drive Montgomery, TX 3
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 2007
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 10478 Twin Circles Drive Montgomery, TX 4
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2000
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.90
    •  
PROPERTY LISTING DETAILS
Billie Vance
1.832.493.1378
Keystone Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Houston Association of Realtors Multiple Listing Service ( HARMLS)
MLS #: 37912616
Last Updated: 02/04/2021
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